Latvia’s economy will grow more slowly than it did in Q1. Growth will likely reach at least 4%, predicts Luminor Bank economist Peteris Strautins. SEB Bank’s macroeconomic expert Dainis Gaspuitis is more reluctant in his outlook. He expects economic growth rate to be 3.7%, considering global cycles and negative trends in certain sectors. Swebank senior…Details
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Japanese car giant Toyota will no longer offer diesel cars to customers in Estonia, Latvia, and Lithuania, leaving only hybrid and petrol engine cars in the selection. The company explained the decision with the decreasing interest in diesel-powered cars in the Baltic States. The interest of the residents of Estonia, Latvia and Lithuania in diesel…Details
For the first time in many years, Mykolaiv region will receive over UAH 1 billion from the Road Fund for road repairs, Infrastructure Minister of Ukraine Volodymyr Omelyan said during a briefing in Mykolaiv. “This year over UAH 50 billion from different sources, including UAH 32 billion from the Road Fund, will be provided for…Details
The Deposit Guarantee Fund has resumed payments to the depositors of PJSC Bank National Investments, the fund’s press service reports. “From May 2 the Deposit Guarantee Fund is carrying out payments to the depositors of PJSC Bank National Investments under bank deposit agreements, regardless of their date of termination, and under bank account agreements (including…Details
One-fifth of Latvia’s residents believe using credit and debit cards to perform purchases helps save money. Only 10.7% are confident that using cash helps the economy, according to information from Ferratum Bank. The survey performed by the bank shows that 37% of Latvia’s residents are confident that their expenses do not change regardless of the…Details
Turkmenistan is ready for substantive negotiations on all aspects of cooperation and use of the port of Turkmenbashi, with countries in the region, which have no path to the sea, stated President Gurbanguly Berdimuhamedov, speaking May 2 at the international forum “”The Great Silk Road” – to new frontiers of development” in Avaza. The head…Details
An opening ceremony of the first solar power plant and laying the foundation of the desalination plant took place on the Unity Day, May 1, in Mangistau, the press service of the governor of Mangistau region reads. The new powerhouse has no analogues countrywide. It is built in Munaily district under the Business Road Map…Details